Xin Lang Cai Jing·2026-01-21 02:48Core Viewpoint - The newly revised consumer loan interest subsidy policy is expected to stimulate domestic consumption recovery by encouraging banks to increase consumer loan issuance [1][7]. Group 1: Policy Implementation - Major state-owned banks and joint-stock banks, including Agricultural Bank of China, Bank of China, and Postal Savings Bank, have promptly responded to the new consumer loan interest subsidy policy [1][7]. - Postal Savings Bank announced that from September 1, 2025, to December 31, 2026, personal consumption loans used for actual consumption will be eligible for interest subsidies, with credit card bill installments also included in the subsidy scope [2][8]. - The policy removes the previous restriction on single transactions of 50,000 yuan or more for eligible consumption transactions [2][8]. Group 2: Operational Procedures - China Merchants Bank outlined that customers must follow specific procedures to apply for the consumer loan interest subsidy, including signing a supplementary agreement during or after the loan issuance [3][9]. - The bank will calculate the subsidy amount based on the agreed-upon subsidy ratio and cap, directly deducting the subsidy from the interest charged to customers [3][9]. Group 3: Inclusion of More Financial Institutions - The latest policy expansion includes city commercial banks, foreign banks, and consumer finance institutions, which were previously excluded from the interest subsidy program [4][10]. - This expansion aims to enhance fairness and inclusivity in the financial system, encouraging local banks to actively participate in consumer loan issuance [4][10]. - Industry insiders expressed optimism about the inclusion of more consumer finance companies, indicating readiness to implement the policy effectively [5][11].